Ideanomics’ MEG Finalizes Operational EV And Energy Business Units
Ideanomics’ Mobile Energy Global (MEG) division has today announced it has finalized its EV and Energy business units under the S2F2C (Sales-to-Financing-to-Charging) model. Each business unit has been developed to focus on a key area of revenue, and is part…
Chinese Startup NIO Gains $1 Billion State Funding To Chase Tesla
Chinese electric-car maker NIO sealed a 7 billion yuan ($1 billion) deal with a group of state investors. Many consumers, while admiring NIO’s vehicle models, have been on the fence about making a purchase, as they feared the Nasdaq-listed auto…
Tesla-Inspired Xpeng Motors Unveils Model 3 Competitor Despite Autopilot Lawsuit
China’s Xpeng Motors recently unveiled its answer to the Tesla Model 3, the P7 sedan. The vehicle is impressive, packing up to 440 miles of range per charge under NEDC standards at a price that undercuts more established rivals. But…
China Promises Subsidies To Boost Falling Electric Car Sales
China is promising more subsidies to shore up plunging electric car sales amid the coronavirus pandemic but set limits that exclude Tesla’s made-in-China model. Subsidies and tax breaks that were due to end this year will be extended by two…
Volkswagen’s Seat Brand Postponed China Entry
The China market entry of Volkswagen Group’s Seat brand, where it was to develop a small electric vehicle, has been postponed by changing business conditions and a revision of VW Group’s strategy. Interim CEO Carsten Isensee announced the change in plans…
Ideanomics Set To Benefit From Accelerated Chinese Government Initiative To Increase EV Adoption
The Chinese State Council issued a Three-Year Action Plan for the Battle of the Blue Sky accelerating the country’s Blue Sky Plan originally unveiled in 2018. The 2018 Blue Sky Plan’s centerpiece was the development of an ecofriendly transport system…
Xpeng Motor’s New P7 Smart Electric Vehicle, To Roll Out In China This Month
Xpeng Motors, a leading Chinese electric vehicle and technology company, announced today that its P7 smart electric sports sedan officially rolls out in China on April 27. The Xpeng P7 features the NVIDIA DRIVE™ AGX Xavier platform for its XPILOT3.0….
Tesla Shares Extend Rally After China Registration Surge And Nod From Goldman
Tesla’s stock extended its recent rally on Wednesday following a surge in China car registrations and after Goldman Sachs initiated coverage of the electric car maker with a “buy” recommendation. Shares of the Silicon Valley automaker rose nearly 2%, bringing their gain…
Geely-Kandi Affiliate Fengsheng Automotive Introduces Its First Pure Electric SUV Maple 30X
Kandi Technologies Group, Inc., today announced that Fengsheng Automotive Technology Group Co., Ltd. (the “Affiliate Company” or “Fengsheng”), introduced its first pure electric SUV, the Maple 30x. Available for immediate pre-order, the Maple 30x was revealed in an online brand…
Renault Sets New Strategy For China
Groupe Renault unveiled its new strategy for the Chinese Market, building on two of its key pillars: Electric Vehicles (EV) and Light Commercial Vehicles (LCV). Within this new strategy, Groupe Renault activities in China will be driven as follow: With…
